For price action traders the emphasis for all high probability trades is looking for the best areas to play their trades from and building a strong price action story to back up their trade. For example; is the trade with the trend? Is the trade moving off a price flip area? Does price have space to …
Price Action Charts in Focus
S+P 500 Moves Into All Time High After Printing Bullish Engulfing Bar | 6th Mar 2014
The S+P 500 has printed a Bullish Engulfing Bar (BUEB) that has pushed price higher and into all time highs on the two day price action chart. Price has been making a series of all time highs this year with price in a sustained up-trend making higher highs and higher lows. This recent leg higher was …
False Break Pin Bar x Engulfing Bar Form on GBPCAD Daily Chart | 4th Mar 2014
Price has formed both a bearish false break Pin Bar and false break Bearish Engulfing Bar (BEEB) on the daily price action chart of the GBPAUD. Price broke lower of the pin bar and moved into the very close near term support level before moving higher to test the high of the pin bar. Price tried to …